news.goldseek.com / By Gary Tanashian / Sunday, 16 October 2016
I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks. Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one.
As in any market, you are the mark, the target, the food… unless you do the educational work to the degree required in order to have your own – not some expert’s – view on things. That includes we would-be geniuses who think we can write for you and provide worthwhile information along the way in your decision making process. The day I stop learning and working to be better is the day I stop doing this, and that’ll be the day they fit me for a pine box.
By educational work, I don’t mean understanding the difference between a Fibonnaci retrace percentage and a time cycle. I don’t mean understanding the difference between a bottoming pattern and a consolidation pattern, an open pit mine and an underground mine or any other of the very real things that an investor or trader considers. I mean you have to do work on yourself because no one has got definitive answers and you should not be seeking those… from anybody!
The reason I am being so presumptuous as to assume there are people who fall victim to the pitches and the plays on peoples’ greed, fear and naivete is because I know you are out there. I know because this gentleman is presumably writing to an audience…
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